Aloro Announces Appointment of New Director and Grant of Stock Options

April 3, 2018

ALORO MINING CORP. (the "Company") is pleased to announce that, effective April 2, 2018, it has appointed James Carter to the board of directors and as a member of the audit committee of the Company.

Mr. Carter is a Chartered Professional Accountant with over 45 years' experience in both the private and public business sectors, and was Vice President of a NYSE listed company focused on merchant banking activities from 1998 to 2017. He specialized in conducting corporate evaluations, due diligence reviews, analysis and related negotiations for corporate acquisitions, as well as designing, negotiating, managing and implementing corporate and debt restructurings and risk management programs.

He was based in Europe from 1998 to 2005, and has extensive domestic and international experience encompassing both North American and European capital markets with particular expertise gained in emerging markets and the natural resources sector.

During his career, he has served as an officer and director of a number of private and publicly traded companies in various industries in both North America and Europe.

The Company also announces that, pursuant to its stock option incentive plan, it has granted stock options to James Carter to purchase 200,000 common shares of the Company at an exercise price of $0.10 per share for a period of five years.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.